Notes Payable (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Summary of Components of Total Debt

The following table summarizes the components of total debt recorded on the Company’s consolidated balance sheets as of March 31, 2016 and December 31, 2015:

	March 31,			December 31,
	2016			2015
	(unaudited)			(audited)
Credit Agreement - Morgan Stanley	$	126,789,603		$	121,493,646
Credit Agreement - Morgan Stanley PIK Fee		1,786,564			1,711,940
Credit Agreement - Morgan Stanley NPI		(1,607,186	)		(2,142,915	)
M3 Appalachia Gathering LLC Note Payable		2,230,955			2,134,018
Debt issuance costs		(2,662,638	)		(3,550,184	)
Total debt	$	126,537,298		$	119,646,505